Waymo Secures $5.6 Billion for Expansion

Sign up for our weekly emails to stay up to date on the latest news!

Waymo has closed an oversubscribed $5.6 billion investment round, led by Alphabet, with participation from notable investors like Andreessen Horowitz, Fidelity, and Tiger Global. This funding aims to accelerate the growth of Waymo One ride-hailing services and enhance the Waymo Driver, its AI-powered autonomous driving system. Expansion will cover cities like San Francisco, Phoenix, Los Angeles, and new markets such as Austin and Atlanta through a partnership with Uber.

Key Highlights:

  • Investment round totals $5.6 billion, led by Alphabet.
  • Expansion of Waymo One to Austin and Atlanta through Uber partnership.
  • 6th-generation Waymo Driver introduced, optimized for cost and capabilities.
  • Over 100,000 paid weekly trips currently provided, a tenfold increase from last year.

Waymo is set to welcome more riders into its autonomous ride-hailing service, Waymo One, expanding its footprint in key cities like San Francisco, Phoenix, and Los Angeles. Additionally, Waymo plans to expand to Austin and Atlanta in partnership with Uber by 2025. The funding will also help continue the development of the Waymo Driver for broader applications, including fully autonomous freeway operations in Phoenix and San Francisco.

Waymo’s 6th-generation Driver is designed for improved efficiency and enhanced capabilities, signaling a commitment to providing safe and scalable autonomous driving solutions. Recent road trips to Buffalo, New York, and Washington, D.C. are helping the company test its system in complex new environments.

Waymo remains focused on transparency, recently launching a safety impact hub to offer insights into how the Waymo Driver contributes to road safety. These efforts, combined with ongoing publication of safety research, underline Waymo’s commitment to becoming the world’s most trusted driver.

Sign up for our weekly emails to stay up to date on the latest news!

Self Drive News
Self Drive News

Self Drive News is a premier B2B digital resource meticulously curated for industry professionals, stakeholders, and enthusiasts in the rapidly accelerating world of autonomous vehicles. Rooted in innovation and forward-thinking, we deliver insightful, reliable, and up-to-the-minute news, connecting the diverse and dynamic strands of the autonomous vehicle industry under one interactive platform.